United Bancorp (NASDAQ:UBCP) Director Gary Glessner Acquires 3,527 Shares

United Bancorp, Inc. (NASDAQ:UBCP) Director Gary Glessner purchased 3,527 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $14.93 per share, for a total transaction of $52,658.11. Following the completion of the acquisition, the director owned 108,002 shares of the company’s stock, valued at approximately $1,612,469.86. The trade was a 3.38% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

United Bancorp Trading Up 2.2%

Shares of NASDAQ UBCP traded up $0.34 during mid-day trading on Thursday, reaching $15.84. The company had a trading volume of 9,674 shares, compared to its average volume of 9,908. The business’s 50-day moving average is $15.70 and its 200-day moving average is $14.65. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market cap of $91.57 million, a price-to-earnings ratio of 11.73 and a beta of 0.36. United Bancorp, Inc. has a 52 week low of $12.47 and a 52 week high of $17.33.

United Bancorp (NASDAQ:UBCP) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 16.29% and a return on equity of 11.80%. The company had revenue of $7.94 million for the quarter.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio (DPR) is currently 57.78%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of United Bancorp in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vawter Financial Ltd. grew its holdings in United Bancorp by 1.9% during the 1st quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 671 shares in the last quarter. Commonwealth Financial Services LLC lifted its position in shares of United Bancorp by 1.1% during the first quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock valued at $1,329,000 after buying an additional 963 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of United Bancorp by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider’s stock valued at $779,000 after buying an additional 1,073 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of United Bancorp by 82.4% during the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,371 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of United Bancorp during the second quarter valued at about $43,000. 15.42% of the stock is currently owned by institutional investors.

United Bancorp Company Profile

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.